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is, we have more investors weighing in on whether it is justified. larry fink of blackrock says he thinks the rally is getting head of itself. on the flipside, laszlo birinyi saying he is not yet seeing sentiment indicators that would show that the rally has extended itself. dow and the s&p have mitigated their rally today, come down a little bit. still trading at record levels. we are now on a five-based record the s&p 500. five-date streak for the s&p 500. it was enough of a move that we saw again by the end of the day. even though if you look at the trajectory, we coming off of our highs considerably. i have been watching volume, which is lower today than it has been recently. this looks and volume by sector. overall for the s&p 500, down 7.5% from the 20-day average good in particular, drop environment telecom stocks, consumer staples, tech, as well as materials. also, when you re speaking of groups, it is the financials that are doing the best today . heavily wei ....
tiffanys now kind of hanging in there though. and delta is looking to make those tsa lines shorter this summer. phil lebeau is live in atlanta with details. and he s going wait on a tsa line for us. team player. and the one stock in berk sher s beneficial she doesn t agree with.shire s beneficial she doesn t agree with. what could it be? we ll find it. steve leisman looks at the improving economic data we ve seen. and jackie deing angeles is following stuff. and more. two development that is the market has taken notice. first decline in the worst fears of the global economic melt down and u.s. recession and global financial systemic risk and that is because of the improvement in the economic outlook of the data here. let s look at what s happened for to the outlook for gdp in the second quarter. first quarter a meager 1%. we started with an outlook for 2%. and i ll show you what s happened. retail and inventory data. that bumped it up by .4 to 2.4. the home sale ....
morning. where oil prices could be headed next, in a moment. shares of hewlett-packard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. we ll hear from the reporter that broke that story in a few minutes. let s start with earnings trouble in the oil patch. bob pisani, big misses for chevron, as well. yeah. enormous write down. the stock prices right to the actual numbers here. exxon and chevron both reported much bigger missing than anticipated. in the case of chevron, reported an enormous write down. $2.8 billion for projects just not economically viable at the current price of oil an apparently they don t think viable for a listening time to come if ever here. you see price reactions fairly modest. let me explain the pickle a lot of big oil companies are. and use exxon as an example. cash flow $4.5 billion. care enough. the capital spending 5.2 billion and the capital spending is more than the cash flow ....
were in their height, the number of private security contractors outnumbered the us troops. how did that come to be? again, i think we are like that one of the unintended consequences of relying on the all volunteer force and allowing the country to slide into a condition of permanent war. we ended up with too much work, too few warriors and so policymakers and the pentagon turned to the notion of defense contractors to try to fill the gap. at a very high cost. at a very high cost and i would argue with little evidence that they that they were worth the money. i know you re going to stay around and sign some books i want to thank you, colonel, professor,. you know, we barely scratched the surface of this book, so i really encourage you to pick up a copy and you will have a very in-depth although somewhat pessimistic understanding of the wars of the middle east. thanks again. [inaudible conversations] [inaudible conversations] this is book tv on c-span 2, televis ....
good afternoon, i m steve mills, reporter the talk tribune tied we talk about prison, the astounding growth of the prison population in america and the roll prisons play in society and how that might change in the future mitchell guests are baz dreisinger and elizabeth hinton. baz is the author of incarceration nation a she visited prisons in nine countries to better understand our attitudes towards crime, punishment and incarceration. a professor at john j. college in new york, baz is also a journalist, film and radio producer and a prison rights activist. the founds the prison to college pipeline program which provides inmates access to college course cozy college when they re released. to my far right is elizabeth hinton asian assistant professor of history and african-american studies at harvard university. her research focus us on the persistence of poverty and racial inequality in the 20th 20th century united states. she is the author or from the war of pov ....